Juventus shareholders approve €110m capital increase & reject Tether proposal

Juventus shareholders have officially approved a new capital increase of up to €110 million, with 95.41% voting in favour of the proposal during today’s assembly.

The club confirmed that the exact figure, along with the issue price and technical details of the share offer, will be determined by the board of directors in the coming weeks, via Calcio e Finanza.

The decision follows months of financial planning, after Exor, Juve’s majority shareholder, had already provided a €30m advance earlier this year.

The board had proposed the increase in response to lower-than-expected sporting results and commercial revenues, as well as higher non-recurring costs in recent seasons.

During today’s meeting, shareholders also voted against a request from Tether, Juventus’ second-largest investor, which had called for pre-emptive rights to be granted to existing shareholders as part of the capital raise.

The cryptocurrency company argued this would help prevent share dilution and support a long-term strategic partnership, but its proposal was rejected with 91.7% of votes against.